contract
the company im signing on to wants 1% imdemnities each paycheck i make.can you please tell me what this means!!!!
Re: contract
It is unclear what you are signing on to and if you are referring to "indemnity" it is difficult to associate that term with a business transaction because it us usually associated with an "event" or "loss."
An indemnity is a duty to make good any loss, damage or liability incurred by another or the right to claim reimbursement or compensation for a loss or damage.
An indemnity is usually presented as a bond, clause (contractual provision),insurance, land or insurance principle. Therefore, it is difficult to associate this with a mandatory and monetary, recurrent or residual deduction from your paycheck because to "indemnify" is to reimburse or promise to reimburse another for such a loss. And, as stated earlier, it is usually presented in the form of a clause or bond. So if you are signing on to this residual indemnity payment you may want to investigate this a little further.
